Novelty Foods Limited

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novelty foods limited Company Information

Company Number

04133435

Next Accounts

Sep 2025

Directors

Ritika Justine

Shareholders

rohan justine

ritika justine

Group Structure

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Industry

Non-specialised wholesale trade

Registered Address

heraldic house 2nd floor, 160 - 162 cranbrook road, ilford, essex, IG1 4PE

Website

novelty foods limited Estimated Valuation

£543.9k

Pomanda estimates the enterprise value of NOVELTY FOODS LIMITED at £543.9k based on a Turnover of £1.6m and 0.35x industry multiple (adjusted for size and gross margin).

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Novelty Foods Limited is a live company located in ilford, IG1 4PE with a Companies House number of 04133435. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in December 2000, it's largest shareholder is rohan justine with a 50% stake. Novelty Foods Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Novelty Foods Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£16.2m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (6.3%)

EXPORT

Novelty Foods Limited's latest turnover from December 2023 is estimated at £1.6 million and the company has net assets of £1.6 thousand. According to their latest financial statements, we estimate that Novelty Foods Limited has 5 employees and maintains cash reserves of £7.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Turnover	1,554,697	1,992,246	1,921,295	1,555,567	1,512,468	1,712,604	1,608,218	1,368,877	667,467	173,035	46,154	102,939	58,466
Other Income Or Grants
Cost Of Sales	1,126,084	1,439,081	1,391,059	1,133,580	1,099,145	1,254,667	1,168,233	982,262	478,692	124,834	33,192	73,847	42,181
Gross Profit	428,613	553,165	530,236	421,987	413,323	457,938	439,985	386,615	188,774	48,201	12,962	29,092	16,285
Admin Expenses	437,289	551,820	523,479	418,995	401,452	441,608	442,118	398,348	181,082	44,345	20,176	24,098	18,605
Operating Profit	-8,676	1,345	6,757	2,992	11,871	16,330	-2,133	-11,733	7,692	3,856	-7,214	4,994	-2,320
Interest Payable	3,458	3,771	2,954	1,525					2,617	3,353	2,054	1,318
Interest Receivable	867	3,795	559	198	1,002	588	307	225	273	58	38	58	22
Pre-Tax Profit	-11,268	1,369	4,362	1,665	12,873	16,919	-1,826	-11,508	5,349	561	-9,230	3,734	-2,298
Tax		-260	-829	-316	-2,446	-3,215			-1,070	-118		-896
Profit After Tax	-11,268	1,109	3,533	1,349	10,427	13,704	-1,826	-11,508	4,279	443	-9,230	2,838	-2,298
Dividends Paid
Retained Profit	-11,268	1,109	3,533	1,349	10,427	13,704	-1,826	-11,508	4,279	443	-9,230	2,838	-2,298
Employee Costs	222,368	84,185	80,502	188,691	188,956	221,626	216,528	176,512	102,908	33,647	33,605	33,178	32,935
Number Of Employees	5	2	2	5	5	6	6	5	3	1	1	1	1
EBITDA*	-8,676	1,345	6,757	2,992	11,871	16,330	-2,133	-11,733	7,804	3,968	-7,102	5,106	-2,208

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Tangible Assets										112	224	336	448
Intangible Assets
Investments & Other	194,200	187,000
Debtors (Due After 1 year)											834	1,584	24,027
Total Fixed Assets	194,200	187,000								112	1,058	1,920	24,475
Stock & work in progress				11,000	46,000	75,491	36,978	42,821	27,000	10,163	11,737	25,137	14,112
Trade Debtors	153,988	296,915	296,809	225,745	230,936	256,478	302,691	221,395	102,158	40,062
Group Debtors
Misc Debtors						725	725	859
Cash	7,343	25,680	191,166	255,840	140,722	126,436	30,473	92,239	87,427	21,926	1,183	14,026	8,997
misc current assets
total current assets	161,331	322,595	487,975	492,585	417,658	459,130	370,867	357,314	216,585	72,151	12,920	39,163	23,109
total assets	355,531	509,595	487,975	492,585	417,658	459,130	370,867	357,314	216,585	72,263	13,978	41,083	47,584
Bank overdraft
Bank loan
Trade Creditors	274,810	429,752	402,829	386,208	362,210	411,101	349,420	334,892	170,411
Group/Directors Accounts
other short term finances										80,509	22,667	40,542
hp & lease commitments
other current liabilities	52,559	32,147	28,917	48,198	48,618	51,626	38,748	37,897	50,141
total current liabilities	327,369	461,899	431,746	434,406	410,828	462,727	388,168	372,789	220,552	80,509	22,667	40,542
loans	26,609	34,875	44,517	50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities													49,881
provisions
total long term liabilities	26,609	34,875	44,517	50,000									49,881
total liabilities	353,978	496,774	476,263	484,406	410,828	462,727	388,168	372,789	220,552	80,509	22,667	40,542	49,881
net assets	1,553	12,821	11,712	8,179	6,830	-3,597	-17,301	-15,475	-3,967	-8,246	-8,689	541	-2,297
total shareholders funds	1,553	12,821	11,712	8,179	6,830	-3,597	-17,301	-15,475	-3,967	-8,246	-8,689	541	-2,297

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Operating Activities
Operating Profit	-8,676	1,345	6,757	2,992	11,871	16,330	-2,133	-11,733	7,692	3,856	-7,214	4,994	-2,320
Depreciation									112	112	112	112	112
Amortisation
Tax		-260	-829	-316	-2,446	-3,215			-1,070	-118		-896
Stock			-11,000	-35,000	-29,491	38,513	-5,843	15,821	16,837	-1,574	-13,400	11,025	14,112
Debtors	-142,927	106	71,064	-5,191	-26,267	-46,213	81,162	120,096	62,096	39,228	-750	-22,443	24,027
Creditors	-154,942	26,923	16,621	23,998	-48,891	61,681	14,528	164,481	170,411
Accruals and Deferred Income	20,412	3,230	-19,281	-420	-3,008	12,878	851	-12,244	50,141
Deferred Taxes & Provisions
Cash flow from operations	-279	31,132	-56,796	66,445	13,284	95,374	-62,073	4,587	148,353	-33,804	7,048	15,628	-40,347
Investing Activities
capital expenditure													-560
Change in Investments	7,200	187,000
cash flow from investments	-7,200	-187,000											-560
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans									-80,509	57,842	-17,875	40,542
Long term loans	-8,266	-9,642	-5,483	50,000
Hire Purchase and Lease Commitments
other long term liabilities												-49,881	49,881
share issue													1
interest	-2,591	24	-2,395	-1,327	1,002	588	307	225	-2,344	-3,295	-2,016	-1,260	22
cash flow from financing	-10,857	-9,618	-7,878	48,673	1,002	588	307	225	-82,853	54,547	-19,891	-10,599	49,904
cash and cash equivalents
cash	-18,337	-165,486	-64,674	115,118	14,286	95,963	-61,766	4,812	65,501	20,743	-12,843	5,029	8,997
overdraft
change in cash	-18,337	-165,486	-64,674	115,118	14,286	95,963	-61,766	4,812	65,501	20,743	-12,843	5,029	8,997

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for novelty foods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in IG1 area or any other competitors across 12 key performance metrics.

NOVELTY FOODS LIMITED group structure

Novelty Foods Limited has no subsidiary companies.

Ultimate parent company

NOVELTY FOODS LIMITED

04133435

NOVELTY FOODS LIMITED Shareholders

rohan justine	50%
ritika justine	50%

Novelty Foods Limited currently has 1 director, Ritika Justine serving since Jul 2010.

officer	country	age	start	end	role
Ritika Justine		36 years	Jul 2010	-	Director

P&L

December 2023

turnover

1.6m

-22%

operating profit

-8.7k

gross margin

27.6%

-0.71%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

1.6k

-0.88%

total assets

355.5k

-0.3%

cash

7.3k

-0.71%

net assets

Total assets minus all liabilities

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company number

04133435

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

December 2000

ultimate parent company

None

previous names

N/A

address

heraldic house 2nd floor, 160 - 162 cranbrook road, ilford, essex, IG1 4PE

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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novelty foods limited Company Information

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novelty foods limited Estimated Valuation

novelty foods limited Estimated Valuation

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